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Longboat Key Condo Sets Record With $10.99M Sale

Property Image
SOLD
$10,990,000

Florida

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Condo5,170 SF
Sold 02/05/2024
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Property Image
SOLD

Longboat Key Condo Sets Record With $10.99M Sale

415 L Ambiance Drive

See Similar Deals
Condo5,170 SF
Sold 02/05/2024
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,125
Total Square Footage:5,170 SF
Transaction Type:Sale

A penthouse at 415 L Ambiance Drive on Longboat Key was sold for $10.99 million on January 31. This sale set a record as the highest condominium sale in the area. The penthouse features 5,170 square feet of space and offers breathtaking views of the Gulf and downtown Sarasota through its floor-to-ceiling windows.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $10,990,000
  • Square Footage: 5,170
  • Price per Square Foot: $2,126
  • Address: 415 L Ambiance Drive
  • Market: Longboat Key

The sale was facilitated by Roger Pettingell from Coldwell Banker. As the broker representing the buyer or seller, Roger Pettingell played a crucial role in the successful completion of this transaction.

Players

Roger Pettingell
Coldwell Banker
Roger Pettingell
2 deals$22.2M volume(941) 387-1840
BROKER

Details

SOLD
IMAGE: Roger Pettingell DATE: 02/05/2024 ADDRESS: 415 L Ambiance Drive MARKET: Longboat Key ASSET TYPE: Condo BROKER: Roger Pettingell (@RealRoger) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $10,990,000 SF: 5,170 ~ PPSF: $2,126 NOTE: A penthouse at 415 L Ambiance Drive on Longboat Key sold for $10.99 million on Jan. 31, setting a record as the area's highest condominium sale. The three-bedroom unit, boasting 5,170 square feet, features floor-to-ceiling windows with panoramic Gulf and downtown Sarasota views.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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